UPDATE 5-Cigna abandons pursuit of Humana, plans $10 billion share buyback -sources
Cigna has called off its deal to buy fellow U.S. health insurer Humana, scrapping a deal that could have created a roughly $140 billion giant in the industry, the Wall Street Journal reported on Sunday. The companies could not come to agreement on price and other financial terms, WSJ said, citing people familiar with the matter. Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions in the near term, the report said.
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